In a tough economy, many factors affect employees' engagement levels. Some factors, like a company's financial performance, are obvious. Some are less apparent but particularly relevant to employees' resilience amid stress. Among them: hope and communication in the workplace.
It’s easy to cultivate a sense of doom at the moment, and there are ample reasons to give up hope. But business leaders should resist the tide of negativity, says a prominent psychologist. That’s because hope serves a bottom-line business purpose.
Most senior executives are pushing hard to keep their companies together. If their businesses are to survive, those leaders can’t overlook opportunities to boost productivity and profitability -- and that means employee engagement is more critical than ever.
The economy may get worse before it gets better: Most economists say the U.S. GDP will turn around by mid-2009, but the unemployment rate will continue to climb through 2010. Here's how executives can keep employees engaged in this rough economic climate.